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SOUTH32 LIMITED - Currency conversion to Rand

Release Date: 07/09/2020 09:30
Code(s): S32     PDF:  
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Currency conversion to Rand

South32 Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
(ACN 093 732 597)
ASX / LSE / JSE Share Code: S32 ADR: SOUHY
ISIN: AU000000S320
south32.net




  7 September 2020

                                                    CURRENCY CONVERSION TO RAND

  South32 Limited (ASX, LSE, JSE: S32; ADR: SOUY) (South32) announced on 20 August 2020 that the
  Board resolved to pay a final dividend of US 1.0 cent per share (fully franked) for the full year ended 30 June
  2020. The dividend payment date is 8 October 2020. The US cent currency exchange rate applicable to the
  dividend payable in South African cents, to shareholders on the South African branch register on the Record
  Date, is:


                                                                                Gross dividend            Net dividend
              Dividend                            Exchange rate               per ordinary share in   per ordinary share in
                                                                              South African Cents     South African Cents

           Final dividend                             16.67090                     16.67090                13.33672


  The currency exchange rate is the volume weighted average price achieved on foreign exchange trades
  executed over the period 31 August 2020 to 7 September 2020.

  The exchange rate applicable to the South32 dividend being paid in other currencies will be determined over
  the period 31 August 2020 to 17 September 2020. Details of the currency exchange rates applicable for the
  dividend will be announced to the relevant stock exchanges.

  South32 shareholders registered on the South African branch register will not be able to dematerialise or
  rematerialise their shareholdings between 9 September 2020 and 11 September 2020 (both dates inclusive),
  nor will transfers to or from the South African branch register be permitted between 4 September 2020 and
  11 September 2020 (both dates inclusive).

  1. South African dividend tax of 3.33418 South African cents per ordinary share will be withheld from the
     amount of the gross final dividend of 16.67090 South African cents per ordinary share paid to
     shareholders on the South African branch register at the rate of 20%, unless a shareholder qualifies for
     an exemption.

  2. After the South African dividend tax has been withheld, the net dividend will be 13.33672 South African
     cents per ordinary share.

  3. Australia is the country of source of income, the dividend is regarded as 'foreign' for the purposes of South
     African dividend tax.

  4. South32 had a total of 4,846,267,883 ordinary shares on issue at the dividend determination date of
     20 August 2020.

  Registered Office Level 35 108 St Georges Terrace Perth WA 6000 Australia
  ABN 84 093 732 597 Registered in Australia                                                                                  1
5. The dividend will be paid out of retained earnings.

6. For the avoidance of doubt, South African dividend tax, and therefore the information provided in this
   announcement, is of only direct application to shareholders on the South African branch register.

Shareholders on the South African branch register should direct any questions regarding the application of
the South African dividend tax to Computershare Investor Services online at www.computershare.com/za or
by calling +27 086 11 00 950.

Holders of shares dematerialised into STRATE should contact their Central Security Depository Participant
(CSDP) or stockbroker.

For further dividend information, contact Computershare on smart number 0861 100 950 or visit our website
(www.south32.net).

About South32

South32 is a globally diversified mining and metals company. We produce bauxite, alumina, aluminium,
energy and metallurgical coal, manganese, nickel, silver, lead and zinc at our operations in Australia,
Southern Africa and South America. We are also the owner of a high grade zinc, lead and silver
development option in North America and have several partnerships with junior explorers with a focus on
base metals. Our purpose is to make a difference by developing natural resources, improving people’s lives
now and for generations to come, and to be trusted by our owners and partners to realise the potential of
their resources.

Dividend timetable
Announce currency conversion into Rand                                           7 September 2020
Last day to trade cum dividend on the Johannesburg Stock Exchange (JSE)          8 September 2020
Ex-dividend date on the JSE                                                      9 September 2020
Ex-dividend date on the ASX and London Stock Exchange (LSE)                      10 September 2020
Record date (including currency election date for ASX)                           11 September 2020
Payment date                                                                     8 October 2020


Further Information

Investor Relations
Alex Volante                                Tom Gallop
T +61 8 9324 9029                           T +61 8 9324 9030
M +61 403 328 408                           M +61 439 353 948
E Alex.Volante@south32.net                  E Tom.Gallop@south32.net

Media Relations
Rebecca Keenan                              Jenny White
T +61 8 9324 9697                           T +44 20 7798 1773
M +61 402 087 055                           M +44 7900 046 758
E Rebecca.Keenan@south32.net                E Jenny.White@south32.net


Further information on South32 can be found at www.south32.net.




JSE Sponsor: UBS South Africa (Pty) Ltd
7 September 2020




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Date: 07-09-2020 09:30:00
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